Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,761,000 net tons (NT) of steel in September, including 2,117,000 NT of finished steel (each down 4.1 percent versus August final data). Year-to-date (YTD) total and finished steel imports are 23,892,000 and 18,694,000 NT, respectively, down 7 percent and 6 percent versus 2012.
Finished steel import market share was an estimated 23 percent in September and is estimated at 23 percent YTD. Key finished steel products with a significant import increase in September 2013 compared to August are cut lengths plates (up 60 percent, hot rolled bars (up 47 percent), tin plate (up 35 percent) and plates in coils (up 16 percent). Major products with significant YTD import increases versus the same period last year include reinforcing bars (up 22 percent) and hot rolled bars (up 12 percent).
In September, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (317,000 NT, down 15 percent versus August final), China (194,000 NT, up 77 percent), Japan (191,000 NT, up 4 percent), Turkey (115,000 NT, up 24 percent) and The Netherlands (108,000 NT, up 38 percent).
For 9 months of 2013, the largest offshore suppliers were South Korea (2,752,000 NT, down 2 percent), Japan (1,481,000 NT, down 3 percent), China (1,378,000 NT, up 16 percent), Turkey (1,006,000 NT, down 10 percent) and Germany (806,000 NT, down 14 percent).